Earnings summaries and quarterly performance for MFA FINANCIAL.
Executive leadership at MFA FINANCIAL.
Craig Knutson
Detailed
Chief Executive Officer
CEO
BD
Bryan Doran
Detailed
Senior Vice President and Chief Accounting Officer
BW
Bryan Wulfsohn
Detailed
President and Chief Investment Officer
HS
Harold Schwartz
Detailed
Senior Vice President, General Counsel and Secretary
LS
Lori Samuels
Detailed
Senior Vice President and Chief Loan Operations Officer
ML
Mei Lin
Detailed
Senior Vice President and Co-Controller
MR
Michael Roper
Detailed
Senior Vice President and Chief Financial Officer
NS
Natasha Seemungal
Detailed
Senior Vice President and Co-Controller
Board of directors at MFA FINANCIAL.
Research analysts who have asked questions during MFA FINANCIAL earnings calls.
Bose George
Keefe, Bruyette & Woods
4 questions for MFA
Also covers: ACT, AGM, AGNC +25 more
Eric Hagen
BTIG
4 questions for MFA
Also covers: AGNC, AOMR, ARR +21 more
DH
Douglas Harter
UBS
2 questions for MFA
Also covers: ACRE, ACT, AGNC +42 more
JS
Jason Stewart
Janney Montgomery Scott LLC
2 questions for MFA
Also covers: AGNC, AJX, AOMR +12 more
JW
Jason Weaver
Unaffiliated Analyst
1 question for MFA
Also covers: AGNC, ARR, BRSP +15 more
MG
Mikhail Goberman
Citizens JMP
1 question for MFA
Also covers: ARR, BETR, CHMI +5 more
SD
Steve Delaney
Citizens JMP Securities, LLC
1 question for MFA
Also covers: FBRT, LADR, RWT
SD
Steven Delaney
Citizens JMP Capital
1 question for MFA
Also covers: ABR, ACRE, ARI +12 more
Recent press releases and 8-K filings for MFA.
MFA Financial Announces Q3 2025 Financial Results and Strategic Initiatives
MFA
Earnings
Share Buyback
New Projects/Investments
- MFA Financial reported a total economic return of 2.6% for Q3 2025, with a GAAP book value of $13.13 per share and an economic book value of $13.69 per share. The company paid a common dividend of $0.36 per share.
- GAAP earnings for the quarter were $48.1 million, or $0.36 per basic common share, while distributable earnings (DE) were $21 million, or $0.20 per share, impacted by $0.11 per share in credit losses. The company expects DE to reconverge with the common dividend by mid-2026.
- Strategic initiatives to boost earnings and ROEs include deploying $100 million of excess cash into target assets, growing Lima One originations (which increased 20% from Q2 to $260 million in Q3), and reducing run-rate G&A expenses by 7-10% versus 2024 levels.
- The company acquired $1.2 billion of loans and securities in Q3 2025, including $453 million of non-QM loans and $473 million of agency securities, and resolved $223 million of non-performing loans, generating a $15 million gain. MFA also repurchased approximately 500,000 shares of common stock at a 27% discount to economic book value.
Nov 6, 2025, 4:00 PM
MFA Announces Q3 2025 Financial Highlights and Portfolio Growth
MFA
Earnings
Dividends
Share Buyback
- MFA reported GAAP Net Income of $0.36 per common share and Distributable Earnings of $0.20 per common share for Q3 2025, alongside a quarterly dividend of $0.36 per common share.
- The company's investment portfolio expanded by over $400 million to $11.2 billion in Q3 2025, with $453 million in Non-QM loans and $473 million in Agency MBS acquired.
- MFA's 60+ day loan delinquency rate decreased to 6.8% by September 30, 2025, and the company executed share repurchases of nearly 500,000 common shares during Q3.
- As of September 30, 2025, GAAP Book Value per common share stood at $13.13 and Economic Book Value per common share was $13.69.
Nov 6, 2025, 4:00 PM
MFA Financial, Inc. Announces Third Quarter 2025 Financial Results
MFA
Earnings
Share Buyback
New Projects/Investments
- MFA Financial, Inc. reported GAAP net income of $37.3 million, or $0.36 per basic common share, and Distributable earnings of $21.0 million, or $0.20 per basic common share, for the third quarter ended September 30, 2025.
- At September 30, 2025, the company's GAAP book value was $13.13 per common share and Economic book value was $13.69 per common share.
- During Q3 2025, MFA acquired $1.2 billion of residential mortgage assets, including $453 million of Non-QM loans and $473 million of Agency MBS, increasing its investment portfolio to $11.2 billion.
- The company repurchased nearly 500,000 shares of common stock and initiated cost reductions projected to decrease run-rate G&A expenses by 7-10% from 2024 levels. The delinquency rate for its loan portfolio also declined to 6.8%.
Nov 6, 2025, 1:45 PM
MFA Financial, Inc. Announces Third Quarter 2025 Financial Results
MFA
Earnings
Share Buyback
New Projects/Investments
- MFA Financial, Inc. reported GAAP net income of $37.3 million ($0.36 per basic common share) and Distributable earnings of $21.0 million ($0.20 per basic common share) for the third quarter ended September 30, 2025.
- As of September 30, 2025, GAAP book value was $13.13 per common share and Economic book value was $13.69 per common share.
- The company acquired $1.2 billion in residential mortgage assets, including $453 million of Non-QM loans and $473 million of Agency MBS, and securitized $721 million of Non-QM loans.
- MFA reduced its 60+ day delinquency rate to 6.8% at September 30, 2025, by resolving $223 million of previously delinquent loans.
- Strategic actions included repurchasing nearly 500,000 shares of common stock and initiating cost reductions expected to lower G&A expenses by 7-10% from 2024 levels.
Nov 6, 2025, 1:30 PM
MFA Financial Completes 20th Non-QM Loan Securitization
MFA
Debt Issuance
New Projects/Investments
- MFA Financial announced on October 1, 2025, the completion of its 20th Non-QM loan securitization, MFA 2025-NQM4, bringing its cumulative Non-QM securitization volume to $7.3 billion.
- The company's Non-QM loan portfolio has surpassed $5 billion in outstanding balance following additional purchases in Q3.
- The MFA 2025-NQM4 securitization is collateralized by 621 mortgage loans with an unpaid principal balance of $371.2 million, a weighted average coupon of 7.68%, and an average credit score of 741.
Oct 1, 2025, 4:47 PM
Quarterly earnings call transcripts for MFA FINANCIAL.
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